UNDERSTANDING LIVING TRUSTS: A QUICK GUIDE IN PLAIN ENGLISH

By: Phillip B. Rarick, Esq., Miami Trust Attorney I am pleased to announce that we have published on our web site a quick and easy explanation of living trusts. Click here: Understanding Living Trusts. Note: A PowerPoint presentation will appear in your lower task bar; click the presentation. Every person should have a living trust, regardless of whether you have $10,000 or $900,000. Why? A trust is simply detailed legally binding instructions to care for you and your loved ones in the event of incapacity or death. If you do not have a trust, you likely do not have legally binding instructions to care for you if you suffer a mental incapacity. And, if you do not have instructions, you will have a court and a probate judge – a complete stranger – make those instructions for you at a significant cost. So the question becomes: Do I keep control in my family by making my own instructions? Or, do I give this control to a bureaucratic probate court?

If our firm has prepared your estate plan, it is most likely you have a living trust. You have chosen to keep legal control in your family. However, please forward this note to other family members and friends so they will understand the benefits and power of a living trust. Contact Miami trust attorney Phil Rarick for more information at info@raricklaw.com.

Special Note

The information on this blog is of a general nature and is not intended to answer any individual’s legal questions. Do not rely on information presented herein to address your individual legal concerns. If you have a legal question about your individual facts and circumstances, you should consult an attorney that is experienced in Florida estate planning law. Your receipt of information from this website or blog does not create an attorney-client relationship and the legal privileges inherent therein.